Skip to main content
Super TutorResources
Chapter 6 of 15
Syllabus

Depreciation Accounting — Syllabus

Telangana Open School (TOSS) · Class 12 · Accountancy

What Depreciation Accounting covers in Telangana Open School (TOSS) Class 12 Accountancy: 4 topics, for the 2026-27 session.

38 questions30 flashcards5 concepts

Interactive on Super Tutor

Studying Depreciation Accounting? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for syllabus and more.

Try Super Tutor — Free

Free trial, no card needed.

4 Topics · Telangana Open School (TOSS) Class 12 Accountancy · 2026-27

Topics in Depreciation Accounting

1

Meaning and Concept of Depreciation

  • Depreciation is the gradual and permanent decrease in the value of a fixed asset due to usage, time, or obsolescence.
  • It is an expense charged to the Profit and Loss Account each year.
  • Depreciation ensures that the asset's cost is allocated over its useful life.
2

Causes of Depreciation

  • Normal wear and tear due to usage (e.g., machinery losing efficiency).
  • Physical deterioration due to passage of time (e.g., furniture decaying even when unused).
  • Obsolescence due to technological advancements (e.g., old computers replaced by faster models).
3

Objectives of Charging Depreciation

  • To show the true financial position by correctly valuing assets in the Balance Sheet.
  • To calculate true profit by charging depreciation as an expense in the Profit and Loss Account.
  • To retain sufficient funds in the business for replacing the asset when it wears out.
4

Factors Affecting Depreciation

  • Cost of the asset: includes purchase price, transportation, installation, and setup costs.
  • Useful life: the estimated number of years the asset will be used productively.
  • Scrap value: the estimated resale value of the asset at the end of its useful life.

Key Concepts

Central concept: Depreciation

Meaning of DepreciationCauses of DepreciationObjectives of Charging DepreciationFactors Affecting DepreciationMethods of Charging DepreciationStraight Line MethodDiminishing Balance MethodAsset Disposal and Sale

Work through every topic in Depreciation Accounting with notes and quizzes

Start This Chapter

Frequently Asked Questions

What are the important topics in Depreciation Accounting for Telangana Open School (TOSS) Class 12 Accountancy?
Key topics in Depreciation Accounting include Meaning and Concept of Depreciation, Causes of Depreciation, Objectives of Charging Depreciation, Factors Affecting Depreciation. Study these first, then practise questions on each for the Telangana Open School (TOSS) Class 12 board exam.
How should I revise Depreciation Accounting for the Telangana Open School (TOSS) Class 12 board exam?
Learn the core ideas first, then work through the 38 practice questions on Depreciation Accounting. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Depreciation Accounting

All Telangana Open School (TOSS) Class 12 Accountancy Syllabus

For serious students

Get the full Depreciation Accounting chapter — start free.

Quizzes, flashcards, an AI doubt solver and a study plan for Telangana Open School (TOSS) Class 12 Accountancy. Free to start, no card needed.

Try Super Tutor Free
Try this chapter free